Crest Nicholson (LON:CRST) Share Price Crosses Below 200-Day Moving Average – What’s Next?

Crest Nicholson Holdings plc (LON:CRST)’s stock price passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 199.97 ($2.46) and traded as low as GBX 158 ($1.94). Crest Nicholson shares last traded at GBX 161.10 ($1.98), with a volume of 619,071 shares trading hands.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Berenberg Bank reduced their price target on Crest Nicholson from GBX 280 ($3.45) to GBX 215 ($2.65) and set a “hold” rating on the stock in a research note on Tuesday, October 22nd. JPMorgan Chase & Co. raised shares of Crest Nicholson to a “neutral” rating and increased their target price for the stock from GBX 180 ($2.21) to GBX 190 ($2.34) in a research report on Thursday, December 5th.

Crest Nicholson Stock Up 1.5 %

The company has a current ratio of 3.13, a quick ratio of 0.72 and a debt-to-equity ratio of 13.12. The firm has a market cap of £404.99 million, a price-to-earnings ratio of -1,580.00, a price-to-earnings-growth ratio of 0.51 and a beta of 2.00. The stock has a 50-day moving average of GBX 164.30 and a 200-day moving average of GBX 198.79.

About Crest Nicholson

Crest Nicholson Holdings plc engages in building residential homes in the United Kingdom. It develops and sells apartments, houses, and commercial properties. The company was founded in 1963 and is headquartered in Addlestone, the United Kingdom.